Pi Network, one of the current agenda items in the crypto money market, is still not listed in leading stock exchanges. Despite the increasing pressure of the community, no listing steps came from giant stock exchanges such as Binance and Bybit. However, a well -known analyst explained the reasons behind this waiting in detail.

Is there a lack of transparency behind the delay of Pi Coin listing?

Crypto Money Analyst Altcoin suggested that the lack of transparency lies at the basis of the decision of stock exchanges that do not list Pi Network. In his sharing on the social media platform X, Pi Core Team did not offer enough information about the Token economy.

In particular, the absence of clear information about the locking and burning mechanism caused question marks on the future of millions of Pi token. This brings with it the doubts of market manipulation.

Stock Exchanges asked for a fee, Pi developer team did not want to pay the claim

Some members of the community are Dr. He does not agree with Altcoin’s thesis. The main reason for the delay of the listing process is that the Pi developer team does not want to pay a listing fee to the stock market. According to them, the team prefers alternative ways to list without paying.

It is thought that this approach is not welcomed by the stock exchanges and therefore the listing process is suspended.

Reduction of circulating supply increased concerns

According to tokenomic data, Pi Network’s circulating supply fell to 6.77 billion Coin. With the last move of the developer team, approximately 10 million coins were removed from the market. Analyst Altcoin claimed that this step was taken to keep the price under control before the upcoming lock expansion (Unlock).

It is noted that this situation can be perceived as market manipulation due to lack of transparency. Especially the recent mobility has caused more question marks in the minds of investors.

What’s the latest situation in prices?

Picoin is currently traded at $ 1 and has declined by 66 %of the $ 2.98 dollars in February from the highest level of all time.

Despite this price pressure, the list of the community continues to increase. However, unless transparency problems are not resolved, it seems difficult for the stock exchanges such as Binance and Bybit to have a green light on Picoin. However, we will see what will happen together in the future.